SP500 index- major Uptrend line breach at red arrow. Uptrend commenced early 2016.
Either sideways consolidation next, followed by UpTrend continuation OR formation into a trend reversal to a new down trend. More candles required for either to be confirmed.
We have the LL, TL breakout, convergence on MACD... just need hidden bearish to form and create the LH then we are officially bear... but looking good for the bears to appear